Editorial/Banking Articles:

Agent Banking: its functions and present scenario in Bangladesh

Agent Banking provides basic banking services to people in Bangladesh. Though at the initiation of the agent banking, it was thought that agent banking will provide banking services to remote areas people of the country; currently the agent banking services expended to nationwide, both in urban and rural areas, specially where branch or sub-branch of a bank is not available. After agreement with the respective bank and approval from Bangladesh Bank, following Bangladesh Bank guidelines and respective bank's policy, an agent outlet is opened and the agent owner has to manage, with the support of the approval bank, most of the things at its own arrangement and cost. For providing the banking services of a bank, the agent owner gets commission as per policy of the approval bank. Click here for more...

Digital Banks - a New Journey in Financial Sector of Bangladesh

Digital Banks will more boost up Bangladesh's financial system though it is yet in initial stage. Digital Bank will provide banking products and services to people by means of artificial intelligence system. It is the digital banking platform where all products and services will be delivered through apps/software or computer systems or digital devices. As per Bangladesh Bank guidelines, Digital Banks (DB) will have no branch or sub-branch or agent, no ATM booth, no physical transactions, can't issue any physical instruments, and can't provide over-the-counter services. Click here for more...